the follow-up to his best-selling book house of cards is an inside story of the rise and continued strength of investment bank and goldman sachs. mr. cohan had access to several current and high-level goldman employees including ceo lloyd blank fine and he shares his discoveries with chief economics correspondent for the the washington times , patrice hill. host: mr. cohan, thank you for coming for this interview. this is a man who works and lives in new york, works on wall street and is very esteemed in the world of wall street and that s what he s talking about. he s written a book money and power and how goldman sachs extremely well-written and redouble, extremely well research with more than 100 interviews, the top chairman and ceo, six of the top of chairmen and living atop chairman and ceo of goldman sachs plus many of the sort of lower pleaders but still important people in that world, and it s a very serious book. this is not you re hollywood version of the wall st
today s event is by far the largest. i think that we have a great day ahead of us. i think that guiding us through the day will be a guide to the new congress, which some may argue is the real reason why we are here, to grab a copy of that. it is the first complete look at the freshman class of the new congress available anywhere. it is an awesome endeavor that cq put together. i realize i did not introduce myself. i am mike mills. i am editorial director of cq role call. we put this out in unbelievable breakneck speed. how they do it is that the races that are too close to call, we write profiles for both candidates and we press the right button and a winner is declared. i think that this guy is a terrific on trade on trade entree they are available for bulk purchase or singles. as you all have probably heard, this has been a very historic and unusual election cycle. this is a huge freshman class. one thing that is interesting about the guide is the demographic breakdown
toward the end we ask a different question we said if you had a choice in the vote for the representative from your district in the house of representatives between somebody who had ten years experience in congress and somebody who had no experience whatsoever who would you vote for and 50% said i would vote for the person with no experience whatsoever. so that s the mood that produced the result that ron described. now often, perhaps incorrectly that was described as a motivator. i think that is a little off. i think somebody from ohio lecture on this and the more i thought about the more he s right is a mood of fear. this is fear the country lost its way, fear that the country was slipping, fear the country was leaving kunkel with its own destiny and the economy was a big part of that obviously, but it was a little deeper than that and so that is what i think produced the election results and the question we all ask ourselves and i will address briefly is what does that do
what? normal, violent video game? yes, your honor. deviant is parting from a established norms. there s established norms of violence. some of the fairy tales are grim to be truth. agreed, your honor. are they okay? are you going to ban them too? no. what s the difference? suppose being in a category of violate materials dangerous to children, then how do you cut it off on video games? what about films? what about comic books? what about fairy tales? why are video games special or does a special principle extend to all deviant violent materials in whatever form? no, your honor, that s why california incorporated the three prongs of the miller standard. it s not just violence, it s violence that meets all three terms. i think that misses justice ginsberg s question. why just video games and not movie movies as well p we have evidence that the interactive nature of video games where the minor or young adult is the aggressor, is the individual acting out this o